p17n63qg7jmbh1r4fin71pds1p454.pdf

A2 Consolidated
statement of
InCOme
For the year ended 31 December, 2012
Expressed in Trinidad and Tobago dollars
CONTINUING OPERATIONS
notes
31-Dec-12
$ ‘000
31-Dec-11
$ ‘000
INCOME
Investment Income -
Growth & Income Fund 235 015 176 437
TT$ Income Fund 440 894 360 604
Universal Retirement Fund 12 136 8 292
US$ Income Fund 19 126 949 150 694
net Investment Income - Group Operations 20 31 299 20 071
Realized Gains reclassifed from Equity 21 154 989 -
Initial Charge 8 818 7 191
Other Income 23 720 13 229
Total Income 1 033 820 736 518
EXPENSES
Commissions (17 368) (15 851)
Impairment 23 (314 322) -
Administrative 24 (222 471) (201 713)
Depreciation and Amortisation (20 571) (20 535)
Provision for Sinking Fund Liability (5 782) (7 805)
Total Expenses (580 514) (245 904)
Net Income before Finance Charges 453 306 490 614
Finance Charges 26 (235) (324)
Net Income after Finance Charges 453 071 490 290
Undistributed Income at beginning of year 7 443 1 423
Distributions 27 (258 859) (354 770)
Transfer from Investment Funds to Reserves (76 729) (23 565)
Income Capitalized (5 883) (4 475)
Undistributed Income at end of year (13 522) (7 443)
net Income before Taxation from Continuing Operations 105 521 101 460
Taxation 8 (7 287) (5 802)
Net Income after Taxation from Continuing Operations 98 234 95 658
DISCONTINUED OPERATIONS
net Loss from Discontinued Operations 28 - (24 825)
Net Income for the year 98 234 70 833
net Income Attributable to:
Owners of the Parent 94 442 79 959
non-controlling Interest 3 792 (9 126)
98 234 70 833
Unit Trust Corporation Annual Report 2012